ADME vs. RLY
ADME (Aptus Drawdown Managed Equity ETF) and RLY (SPDR SSgA Multi-Asset Real Return ETF) are both Hedge Fund funds. ADME is passively managed, while RLY is actively managed. Over the past 10 years, ADME returned 8.73%/yr vs 8.09%/yr for RLY. At a 0.50 correlation, their price movements are largely independent. ADME charges 0.79%/yr vs 0.50%/yr for RLY.
Performance
ADME vs. RLY - Performance Comparison
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Returns By Period
In the year-to-date period, ADME achieves a 7.37% return, which is significantly lower than RLY's 11.33% return. Over the past 10 years, ADME has outperformed RLY with an annualized return of 8.73%, while RLY has yielded a comparatively lower 8.09% annualized return.
ADME
- 1D
- -1.15%
- 1M
- -1.31%
- YTD
- 7.37%
- 6M
- 6.36%
- 1Y
- 17.42%
- 3Y*
- 16.12%
- 5Y*
- 7.44%
- 10Y*
- 8.73%
RLY
- 1D
- -0.77%
- 1M
- -4.87%
- YTD
- 11.33%
- 6M
- 10.55%
- 1Y
- 23.01%
- 3Y*
- 13.30%
- 5Y*
- 9.65%
- 10Y*
- 8.09%
ADME vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 7.37% | 10.28% | 22.11% | 15.42% | -21.80% | 20.24% | 18.21% | 9.31% | -6.05% | 17.58% |
RLY SPDR SSgA Multi-Asset Real Return ETF | 11.33% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
Correlation
The correlation between ADME and RLY is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2016 | 0.50 |
The correlation between ADME and RLY shifts across timeframes, from 0.35 (1 year) to 0.50 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ADME vs. RLY — Risk / Return Rank
ADME
RLY
ADME vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) and SPDR SSgA Multi-Asset Real Return ETF (RLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADME | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.57 | -1.24 |
| Martin ratioReturn relative to average drawdown | 9.68 | 16.17 | -6.49 |
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Drawdowns
ADME vs. RLY - Drawdown Comparison
The maximum ADME drawdown since its inception was -27.49%, smaller than the maximum RLY drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for ADME and RLY.
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Drawdown Indicators
| ADME | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -37.75% | +10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -6.47% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -10.08% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -18.94% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -27.49% | -34.17% | +6.68% |
Current DrawdownCurrent decline from peak | -2.93% | -6.47% | +3.54% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -9.44% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.43% | +0.37% |
Volatility
ADME vs. RLY - Volatility Comparison
Aptus Drawdown Managed Equity ETF (ADME) has a higher volatility of 4.57% compared to SPDR SSgA Multi-Asset Real Return ETF (RLY) at 3.18%. This indicates that ADME's price experiences larger fluctuations and is considered to be riskier than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADME | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 3.18% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 8.47% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 10.49% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 13.53% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 13.81% | +0.64% |
ADME vs. RLY - Expense Ratio Comparison
ADME has a 0.79% expense ratio, which is higher than RLY's 0.50% expense ratio.
Dividends
ADME vs. RLY - Dividend Comparison
ADME's dividend yield for the trailing twelve months is around 0.38%, less than RLY's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.38% | 0.38% | 0.47% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% | 0.00% |
RLY SPDR SSgA Multi-Asset Real Return ETF | 3.01% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Frequently Asked Questions
ADME and RLY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADME has higher volatility (4.57%) compared to RLY (3.18%). In terms of maximum drawdown, ADME dropped -27.49% vs RLY's -37.75%.
On 10-year performance, ADME leads with 8.73% vs 8.09% for RLY. On fees, RLY is cheaper at 0.50% per year. On volatility, RLY has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ADME has performed better with a 8.73% return vs 8.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RLY is cheaper with a 0.50% expense ratio, compared with 0.79% for ADME.
RLY has the higher dividend yield at 3.01%, compared with 0.38% for ADME.
They also come from different issuers: Aptus Capital Advisors and State Street. Their fees differ too: 0.79% for ADME and 0.50% for RLY.
RLY currently has the higher Sharpe Ratio (2.20 vs 1.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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